GLASTONBURY, Ct. - (05/19/04) -- Open Solutions Inc., said it plansto raise as much as $20 million with an offering of one millioncommon shares. Proceeds from the offering will be used to pay downdebt and finance potential acquisitions. The company alsoregistered another 3.2 million shares to be sold by majorshareholders. The selling shareholders include: Fair Isaac Corp.,which plans to sell all of its 690,000 OSI shares; Key PrincipalPartners, the venture arm of KeyCorp., which plans to sell all ofits 647,000; Connecticut Innovations, a Hartford venture firm,which will sell 500,000 of its 672,000 shares; Axiom VenturePartners, a Hartford venture firm, which will sell 469,000 of its917,000 shares; and Aetna Life Insurance, the Hartford insurer,which will sell 435,000 of its 870,000 shares.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3